Contributing Third Party Payments

The Contributing Third Party payment is a transaction between a
third party (that is neither the applicant organisation nor Viridor
Credits) and Viridor Waste Management.

FOR MORE INFORMATION ON THE CONTRIBUTING THIRD PARTY PAYMENT,
CLICKHERE

How is the Contributing Third Party Payment
Calculated?

The Contributing Third Party payment is the equivalent of 10% of
any funds awarded.

Please note that Viridor Credits will calculate the amount of
Contributing Third Party payment due on any award, and this sum
will supersede any other calculated figure.

Who Can Be a Contributing Third Party?

Almost anyone can be a Contributing Third Party, providing they
do not gain a unique benefit from the project put forward for
funding. Below is a list of examples of organisations that may be
Contributing Third Parties:

Private Companies

Public Sector organisations - Local Authorities, County
Councils

Charities

Voluntary organisations

Private donors

Monies from fundraising

Who is Excluded From Being a Contributing Third
Party?

Any individual or organisation directly connected to the
landfill operator, Viridor, or a contractor of the project

Any individual or organisation who gains a unique benefit from
the project

Other Environmental Bodies - see guidance issued by ENTRUST for
further information visit www.ENTRUST.org.uk

FAQs

Q. I am applying to Viridor Credits for
£5,000. Does the Contributing Third Party payment mean I can only
apply for 90% of the project cost and the Contributing Third Party
payment makes up the other 10%?

A. No. Applicants may apply for 100% of the
capital works cost of the project. The Contributing Third Party
payment is always 10% of the award. Applying for 90% of a £5,000
project (£4,500) will require a Contributing Third Party payment of
£450.00 and £4,500 will be available to the project from Viridor
Credits.

Q. I am applying for 100% funding from Viridor
Credits. Does the Contributing Third Party payment mean I will only
receive 90% of that amount?

A. No. If you are awarded 100% of the funding,
that is what will be available to the project. The CTP payment
cannot come out of the award from Viridor Credits and must be paid
by an independent third party or through fundraising.

Q. Is the CTP payment refunded on the completion of my
project?

A. No. The Contributing Third Party
payment is not deducted from the award from Viridor Credits, does
not form part of the total project cost and is not refundable.